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"Since I don't have the 1099R for 2023 this is a guessing game."
Plenty of people posted what to do and how to do it, and I put it here more than once: Box 7 Distribution Codes: 8 J
"I have put the full distribution in box 1 and the taxable earnings in 2a."
Yes, the 2023 1099-R might come up with a 1, because the issuer doesn't necessarily know the full picture. For instance, requesting a distribution for purposes of corrective action and/or rollover, isn't always part of what the issuer knows. The tax prep is entered for what happened as the total event.
"For the distribution codes, I have changed this so many time. My latest and will be my final answer is 8T."
I don't know if you used any of the reference links I provided?
"T - Roth IRA distribution, exception applies
Use code T for a distribution from a Roth IRA if you do not know if the 5-year holding period has been met but:
-
The participant has reached age 59 and 1/2
- The participant died, or
-
The participant is disabled.
*Used with code (if applicable): None"
"Use code J for a distribution from a Roth IRA when code Q or code T doesn't apply. But use code 2 for an IRS levy and code 5 for a prohibited transaction.
*Used with code (if applicable): 8 or P"
"I have waived any penalty."
The IRS waives the penalty, if it applies. The tax form includes application to request the waiver.
You're signing the form as preparer, so you do what applies. You know your client's age.
Don't yell at us; we're volunteers
